TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Investors cool on stocks

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Andrew Tangel
Saturday, Feb. 23, 2013, 12:01 a.m.
 

Investors have been plowing billions of dollars into stocks this year, but new data show the torrent of money has been slowing this month — particularly into U.S. equities.

Starting in January, investors began pouring into stocks after President Obama and Congress defused much of the “fiscal cliff.” The Federal Reserve, meanwhile, has nudged investors into riskier assets like stocks by lowering interest rates and making safer investments less attractive.

In the week ending Jan. 16, investors shoved $9.2 billion into equity mutual funds, according to data from the Investment Company Institute.

But the inflows have been tapering off, and in the week ending Feb. 13, investors put $5.7 billion into stock funds.

The slowdown into domestic stocks has been more pronounced. In the week ending Jan. 16, investors put $4.9 billion in U.S. equity funds. By the week ending Feb. 13, the inflow had slowed to $509 million, according to ICI data.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Judge: UPMC must provide in-network access to Highmark Medicare members
  2. Police charge third man in fatal shooting of teenager in Monroeville
  3. Steelers’ defense unfazed by noise, believes in potential
  4. Pittsburgh Police arrest man in turquoise socks they say robbed Oakland bank
  5. Obama gets state, local allies for key initiatives
  6. Inmate assaults Westmoreland County sheriff’s deputy at UPMC Presbyterian Hospital
  7. Man dies trying to escape fire at his North Buffalo home
  8. Early Friday dismissals to continue for Blairsville-Saltsburg students
  9. International counterfeiter sentenced in Pittsburgh to 7.5 years in prison
  10. Blairsville accepts salt bid with steep cost hike, hopes for better price through state program
  11. Impasse on reconfiguration prompts Blairsville-Saltsburg School Board workshop with state officials